London property 'stagnating' on market

The latest research from property website Rightmove.co.uk found that it now takes an average of 85 days to sell a home in the capital - up from 78 days as recently as June.

And according to spokesman Miles Shipside, this situation has arisen from the stubbornness of home-sellers in London - many of whom have long been used to rampant property inflation.

"Londoners have failed to get as much of a boost from the spring market this year," he commented. "This is likely to be a reflection of fewer new sellers being enticed onto the market in the capital in the current tough trading conditions."

Among the worst performing areas in the capital is the borough of Kingston-upon-Thames, which saw average home values plunge by a full two per cent over the past 12 months.

And yet despite the falling prices, analysts note that average asking prices for London property remain above the £400,000, keeping most first-time buyers locked out of the market.

Do you want a Short Let?

Do you want a Commercial Let?

Like this?

Share this

Follow Net-Lettings

Follow Estates IT

Net-Lettings.co.uk

Net-Lettings.co.uk was one of the first property and agent directory websites on the internet launched in 1996. We still believe in simplicity today. Use this London Lettings Directory for all your rental property needs whether a Tenant or Landlord.

London Areas

London is a diverse community of people. There are many areas to choose from we have around 245 that appear on the map and approximately 338 total London areas. Here are just a few of the latest hot areas.

Advertising & Sales

This site offers Letting Agents low cost effective advertising of their web site. We are not a Letting Agency but connect you directly Lettings Agents in your required area.
Letting Agents see below options available with Net-Lettings. You can contact or follow us below.